Eddie Lafferty’s auto industry career began when his friend’s grandfather asked him to help manage his Porsche dealership. “I ended up doing very well and sold out his cars, and then it kind of led to a life in retail,” Lafferty said. He eventually moved to wholesale and is currently general manager at Manheim Seattle. […] [Read More]

In an industry that is mostly dominated by large auction chains and independent auction owners, the McConkey Auction Group is one of a few small auction groups that are making big strides in the auction business. CEO Bob McConkey opened his first auction in 1992 in Spokane, Wash., and since then has bought and sold […] [Read More]

Auction sales last month didn’t reach July’s heights, but still beat prior-year figures, with the year-to-date pace remaining ahead of 2024, as well. That’s according to the latest AuctionNet report from the National Auto Auction Association, which said wholesale unit sales were up about 3% year-over-year in August, when adjusting for selling days, but fell […] [Read More]

California, here it comes. Carvana’s next combination auction-reconditioning operation is coming to ADESA Golden Gate. The online used-car retailer announced it plans to add inspection and reconditioning center capabilities to the wholesale auction site in Tracy, Calif., adding to its rapidly growing list of integrated facilities. ADESA Golden Gate, which has served wholesale customers for […] [Read More]

Montway Auto Transport has expanded its reach yet again. The third-party logistics brokerage said Tuesday it has acquired TurnTime Transport, an auto transport brokerage based in Phoenix. Montway said the two companies’ customers are complementary and that adding TurnTime boosts its dealer and auction transport services. This move follows Montway’s acquisition of luxury vehicle transport […] [Read More]

Cox Automotive has made another acquisition in the wholesale auto space — and this time, it’s in the inspections segment. Three weeks after closing its purchase of Bel Air Auto Auction and Tallahassee Auto Auction, Cox Automotive said Monday afternoon it has obtained full ownership of Alliance Inspection Management (AiM). Cox had previously owned 50% […] [Read More]

Craig Amelung is making a prediction about the upcoming NAAA World Remarketing Convention. “We’re certain to not leave Kansas City without the word, ‘tariff’ coming up,” Amelung, who is NAAA president, said in an interview before the event. Amelung said talk about tariffs could lead to questions on what tariffs mean for vehicle volumes and […] [Read More]